BT snaps up Infonet Germany
BT is to snap up all of Infonet Germany which is majority owned by T-Systems, a subsidiary of Deutsche Telekom, the British telco announced today.
Financial details were not disclosed.
Earlier this year BT completed the $965m (£510m) acquisition of California-based voice and data network services outfit Infonet Services Corporation.
At the time, BT only owned 18 per cent of Frankfurt-based Infonet Germany.
Now it's managed to agree a deal with T-Systems to acquire the remaining 82 per cent.
Infonet Deutschland, which employs 61 workers, provides VPNs and other network stuff for more than 200 corporate and public sector groups in Germany. ®